Fresno, CA 93703,1903 E Simpson AVE
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Fresno, CA 93703,1903 E Simpson AVE
Fresno, CA 93703,1903 E Simpson AVE
Fresno, CA 93703,1903 E Simpson AVE
Fresno, CA 93703,1903 E Simpson AVE

$490,000

Est. payment /mo

$518,000

5.4%
Est.Price: ?

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1903 E Simpson AVE Fresno, CA 93703

4 Beds

4 Baths

2,538 SqFt

SOLD DATE : 04/01/2025

Key Details

Sold Price $490,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,538 sqft

Price per Sqft $193

MLS Listing ID 625895

Sold Date 04/01/25

Bedrooms 4

Full Baths 4

HOA Y/N No

Year Built 1952

Lot Size 8,542 Sqft

Property Sub-Type Quadruplex

Property Description

Discover an exceptional investment opportunity! Rare fully occupied 4-Plex each w/ individual large garages & parking for 2 cars situated on a corner lot directly across from the bustling Manchester Shopping Mall. Perfectly positioned near key amenities including Starbucks, the 41 Freeway, and a cinema, this property guarantees high visibility and easy access, making it a lucrative addition to any real estate portfolio. All units are 1bedroom & 1bathroom with a garage. 3 units located above garages and 1 unit ground level. Convenient access to the 41 Freeway facilitates quick commutes to surrounding areas, enhancing the property's appeal to potential tenants. Residents can enjoy a variety of shopping and dining options with the Manchester Mall just steps away, ensuring high demand for rental units. The area boasts a diverse population with a strong rental market, ideal for long-term investment. Seller installed new roof w/ 10 yr. warranty for half of bldg.($8200). Currently leased w/$47,052 gross per yr. (2 units pay $1K, 1 unit $1250 and 1 section 8 @ $671 waiting to increase @$1250 w/new owner) $60K gross potential. Tenant pays utilities and landlord pays $325 water.Please do not walk the grounds or disturb the tenants. Seize the chance to invest in a premium, fully occupied 4-Plex with excellent growth potential. This property is poised for long-term profitability in a location that combines convenience and accessibility.

Location

State CA

County Fresno

Interior

Heating Floor or Wall Heat

Cooling Evaporative Cooling, Wall/Window Unit(s)

Fireplaces Type None

Appliance Refrigerator: All Units, Disposal: All units, Stove: All units

Exterior

Parking Features Garage

Garage Spaces 4.0

Utilities Available Public Utilities

Roof Type Composition

Building

Lot Description Urban, Corner Lot

Story 2

Foundation Concrete Perimeter

Sewer On

Water Public

Schools

High Schools Fresno Unified

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Fresno MLS
Listed by Movoto, Inc.

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